The size of the sterilization equipment market in the Asia Pacific is estimated at USD 1.29 billion in 2023 and to grow at a CAGR of 9.1%, to reach USD 1.99 billion by 2028.
Sterilization is the practice of killing /deactivating/removing forms of life like bacteria, viruses, fungi, prions, etc., which are present in biological culture media, medications, or fluids. Sterilization is a necessary process since lethal diseases like HIV and hepatitis are prevalent among many people. In addition, sterilization done by heat is used to sterilize food containers such as beer, milk, and fruit juice bottles.
The driving factors of the Asia-Pacific Sterilization Equipment market are a rise of growth in the food and beverage industry, growing investment in healthcare infrastructure, growing demand for sterilized equipment, strict regulations in using medical equipment, a growing number of hospital-acquired diseases, an increasing number of pharmaceutical companies and rising geriatric population among others.
The increasing adoption of advance sterilization equipment is driving the market growth in this region. The Asia Pacific rises its market growth because of manufacturing facilities. Government support to market players, following USFDA guidelines, may expand the Asia Pacific region of the sterilization equipment market. In the APAC region, sterilization equipment is important for sterilization of medical devices in the pharmaceutical & biotechnology industry; this may open new opportunities to investors to invest in sterilization equipment.
The restraining factor of this market is the high cost of sterilization equipment.
This research report on the APAC Sterilization Equipment Market has been segmented and sub-segmented into the following categories:
By Product:
By End User:
By Consumables and Accessories:
By Country:
Regionally, Asia-Pacific is the fastest-growing region among all the regions, attributed to the huge number of patients, rising demand for sterilized products, and a growing number of hospital-acquired diseases. The growing geriatric population and growing investment in the healthcare sector are expected to drive the growth of this market in the region. The rising urban population and rapidly growing infectious diseases are boosting the sterilization equipment market in India and China. Increasing diseases go towards the expansion of pharmaceutical companies & medical treatment. In addition, owing to medical devices & other industrial instruments have resulted in growth in the sterilization equipment market.
The Chinese sterilization equipment market is the fastest-growing market in the APAC region due to cheap cost & raw material production. China exporting 70 % of APIs all over the world, for APIs production they required sterilization equipment it can grow their sterilization equipment market and drug export.
The Australian sterilization equipment market companies providing equipment as per the therapeutic goods Assessment standards. Manufacturing of the sterilization equipment or devices is a quality assurance requirement through recognized the ISO standard. Australia expanding its equipment market by collaboration, acquisition.
KEY MARKET PLAYERS:
Some of the noteworthy companies operating in the APAC sterilization equipment market profiled in this report are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany), Sterigenics International, Inc. (U.S.).
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